Comments on: Has Housing Reached Bottom?

By: Encryption Softwares :

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By: back care products

back care products — Fri, 04 Dec 2009 19:35:12 +0000

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By: Step One of a Housing Bottom

Step One of a Housing Bottom — Thu, 23 Jul 2009 06:16:45 +0000

[...] I noted last month, however, a bottom in housing starts isn’t a bottom in housing. From a macroeconomic point of [...]

By: Step One of a Housing Bottom

Step One of a Housing Bottom — Thu, 23 Jul 2009 06:16:45 +0000

[...] I noted last month, however, a bottom in housing starts isn’t a bottom in housing. From a macroeconomic point of [...]

By: Step One of a Housing Bottom « Donald Marron

Step One of a Housing Bottom « Donald Marron — Thu, 23 Jul 2009 04:03:08 +0000

[...] I noted last month, however, a bottom in housing starts isn’t a bottom in housing. From a macroeconomic point of [...]

By: rickym

rickym — Tue, 30 Jun 2009 21:03:29 +0000

My two $600k spec homes are rotting away here in Dallas – - a little more than twenty serious buyers since the beginning of the year and NO ONE can buy them, even if they have decent credit and solid income because the banks are NOT lending PERIOD. Cash buyers DO NOT abound like TV shows appear to promote on HGTV. Also, try running some tight EXPONENTIAL moving averages on these stats so the numbers are not ask biased. Builders like me are screwed while the banks get to hoarde the dough. GUESS WHAT DORKASS HYPE-ARTIST MR. CRAMER, IT IS SUMMER – - THE BUSIEST TIME OF THE YEAR FOR HOUSING SALES, of course the price rate will smooth out / hook up a tad while realtors are looking for ANYONE to bite on a price (especially newbies) – - hmmmm, what will happen to house prices when the season is over? FALL LIKE A ROCK. P.S. Hey you realtors, brokers, and appraisers out there, have any of you taken a brief moment to read the fine print on your NTREIS RACKET-WEBSITE? The “price sample points” you collect are skewed as far back into the past as possible, not to mention the B.S. percentage limit / tolerance rules applied by the gov’t to make the data look better. QUIT COLLUDING with the banks, hoard o’losers…

By: Scott Gustafson

Scott Gustafson — Tue, 23 Jun 2009 04:35:14 +0000

If you believe as I do that what we did was overbuild houses, then what you need to look at first are housing completions. Once completions drop far enough below normal that we look like we’ll use up the excess inventory, then you can start talking about housing construction starting back up.

Short version – Best I can tell, we had 1.6 M excess housing units at the end of 2006. In 2007 and 2008, we used up .6M leaving 1M at the start of 2009. We’re running .8M completions per year less than normal right now meaning we’ll consume the rest of the excess inventory by next spring.

Since it takes a while to plan, permit and build a house, things should be getting better before then, perhaps in the fall.

Long version: http://azecon.blogspot.com/2009/06/re-running-numbers-on-housing.html

By: scott

scott — Fri, 19 Jun 2009 16:53:01 +0000

couldn’t this uptick, and others like it, be at least attributed to people like myself making purchases while the dollar’s still worth something? I’m currently buying all the stuff I know I’ll use for the next several years: canned goods, cleaning supplies, toiletries, etc.? Wouldn’t many people buy houses right now while interest rates are low? Why doesn’t anybody comment on this possibility?

By: econoblog.info » Secondary Sources: Depression Risks, Housing Recovery, Finance

Thu, 18 Jun 2009 06:08:06 +0000

[...] Housing Bottom: On his blog, Donald Marron says housing hasn’t yet hit bottom. “I think we should still expect further pain in housing. Why? Because starts are only part of the housing story: As Calculated Risk has emphasized, a bottom in housing starts does not imply a bottom in housing prices. Indeed, history suggests that house prices may decline for months or even years after housing starts bottom. In the near term, furthermore, the macroeconomic impact of housing depends not on the number of houses started, but on the total number under construction. That number is still falling.” [...]

By: Secondary Sources: Depression Risks, Housing Recovery, Finance - Real Time Economics - WSJ

Wed, 17 Jun 2009 19:49:59 +0000